Crypto miner Argo Blockchain is borrowing $70.6 million from a subsidiary of New York Digital Investment Group to fund the purchase of mining equipment for its Helios facility in Texas. By egreechee
Crypto miner Argo Blockchain is borrowing $70.6 million from a subsidiary of New York Digital Investment Group to fund the purchase of mining equipment for its Helios facility in Texas.back in MarchArgo expects the Helios facility in Dickens county to operate at 200 megawatts of electricity, but has the capacity to be ramped up to 800 MW, which would make it one of the largest mines in the world. The firm is one of a few buying Intel's new mining chips.
£29.6 million in unsecured debt by issuing of senior notes that are traded on the Nasdaq Global Select Market, according to its annual earnings report.Austin, Texas
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